How would you like to be the next CEO of Overland? The tape library vendor lost $25.4 million over the past 15 months since HP pulled the plug on an OEM deal that accounted for most of Overland's revenue. It since lost a smaller OEM deal to Dell because of production problems, then bought and wrote off a $9 million acquisition of software firm Zetta Systems. The board dumped CEO Chris Calisi in November, and brought back former CEO Scott McClendon until a permanent replacement is found.
No. 1: Hewlett-Packard
As troubling as HP's snooping scandal was this year, that alone did not land it in the hottest seat in the storage board room. Unlike rival Dell, which has its own legal problems but continues to grow its storage business impressively, HP is at a crossroads with its storage product line. After an impressive run up from mid-2005, HP's storage sales cooled last quarter. That gives credence to its competitors' contention that HP's earlier sales spike consisted only of its upgrading existing customers. Now HP has to shake off a scandalous year and prove it can take share from the competition.
Editors, Byte and Switch
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